Blockchain technology and cryptocurrencies were initially perceived with scepticism and pessimism, for so many reasons; some valid, others petty. That's history now! This decentralized tech has now gained huge acceptance and adoption, so that various institutions, businesses, and emerging projects are leveraging on this decentralized, revolutioized technology to drive their concepts and existing products to the next level. On blockchain, people can write entries or data into a record of information, and a community of users can control or stake claims to how the record of information is amended and updated; leading to flexibility, anonymity and security. Despite the rapid growth in the popularity of this next generation technology, we must admit that there's need for constant to meet existing challenges. These challenges militate against the mass adoption of this technology. Security, anonymity, transparency, speed of transactions, transaction fees, transactions flexibility etc, are all pending issues plaguing the blockchain technology.
A unique project has been developed by a team of blockchain enthusiasts to tackle some of these issues. Sit back as I run you through the VEIL PROJECT!
INTRODUCING VEIL
Veil is, first and foremost, a peer-to-peer 'P2P' prediction market and derivatives platform developed on top of Augur, 0x, and Ethereum. It will achieve anonymity through the use of ASIC resistant X16 hashing algorithm which protect veil transactions by masking it with another layer of protection or computation. Augur, apparently, is the stand-out prediction market protocol on Ethereum. The Veil team believes Augur is the most exciting and sophisticated set of smart contracts being used today. It lets anyone create, trade in, and report on prediction markets. Veil is designed to bring Augur mainstream. All markets listed on Veil are represented as Augur markets on Ethereum, and the team has augmented the Augur experience in two meaningful ways. That is why when compared to other privacy coin, veil offers a unique privacy and anonymity during transactions. Transactions are left in layers you don’t have to worry about if you erroneously make a transaction not knowing if it is anonymous or not. It will always have to be private and anonymous. This could be achieved by the combination of Bitcoin version 0.17.1 and privacy of Zerocoin protocol cryptography to maintain privacy. Veil is pursuing a 100% anonymity by building layers of protection that if you erroneously send transaction it will always be anonymous
FEATURES OF THE VEIL ECOSYSTEM
ALWAYS-ON PRIVACY: The Veil team are ascribing a lot of emphasis on privacy as these are the core foundations on which the blockchain is built on. Veil combines Zerocoin and RingCT technologies to produce unparalleled full-time privacy while not giving any room for compromise.
ANONYMOUS EARNING: Veil coin is the first of it's kind, in the sense that it gives its holders the exclusive right stake anonymously. As long as your wallet remains open, you can earn a predetermined amount of cash by approving transactions in the Veil blockchain.
FAIR LAUNCH: No ICO. No premine. Veil's blockchain is secured via Proof-of-Work and Proof-of-Stake in order to combine security and distribution.
USER-FOCUSED: Without any doubt, the project is complete concerned by the satisfaction of it's users. Ranging from advanced wallet user interfaces, to seed recovery, to behind-the-scenes savings of storage space, Veil delivers the benefits of crypto to the masses through a focus on user experience.
FUTURISTIC: The ecosystem is futuristic and developed to grow with time. Veil aims to still push the bounds of cryptography and blockchain technology through Veil Labs, an associated product dedicated to R&D and partnerships with leading academic institutions.
SELF-SUSTAINING: Very robust and exhustive ecosystem: The Veil network includes built-in self-funding for project development, operations, customer support and ongoing research and development
INTEGRAL COMPONENTS OF THE VEIL ECOSYSTEM
Veil wallet: When you install the Veil Wallet, you first build a 24-word firewall. These 24 words should only be known by you and should be used again when you re-establish the wallet. In addition, thanks to the technology and Zero and Base coin, your wallet will remain forever inaccessible unless you let it. Veil wallet can now be used on Windows, Linux and macOS systems. Android and iOS wallets are still in the software phase.
Bitcoin Core 0.17.1: The Veil project uses Bitcoin Core 0.17.1 software, the most advanced software. This software is the most up-to-date software in the current system. And security vulnerabilities have been minimized and firewalls have been maximized.
Zerocoin protocol: This protocol is the most secure protocol for the anonymous processing of money. Thanks to this protocol, you can perform all of your operations anonymously and untraceable. With this system, which is the common preference of all known security coins, you can be sure that your digital assets are in safe hands.
POW Passive Earning: Thanks to the opportunities provided by the Veil Project, you can make passive income in the number of coins you hold in your hand. As long as your wallet remains open, you can earn a predetermined amount of cash by approving transactions in the Veil blockchain.
CONCLUSIVE THOGHTS
The Veil project is unique in every dimension. At a time when cryptocurrrency projects are popping up here and there with very little or no impact or usefulness, this team has decided to tackle vital issues plaguing the blockchain and cryptosphere (security and anonymity) with distinct solutions The Veil team is planning to integrate best-in-class anonymity technologies to become the first cryptocurrency that provides uncompromising, always-on privacy.
Please follow this unique, ground breaking venture here on the following links:
Website:
https://veil-project.com
Discord:
https://discord.veil-project.com
Telegram:
https://t.me/VEILProject
Facebook:
https://www.facebook.com/projectveil/
Twitter: https://twitter.com/projectveil
Github: https://github.com/Veil-Project/veil
Reddit: https://www.reddit.com/r/veil
bitcointalk username: levi001
bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2472222;sa=summary
Veil Address: bv1q7jepghdpstnvgprk52zfzwygs65hq5g4ptj0u7
